The Year of the Fiduciary Rule

Here is a link to a discussion about anticipated new investment/investment advisor legislation, CLICK HERE.

I don’t usually publish a blog post about proposed legislation because the legislation might happen, or not, and what the legislation actually says, if enacted, is uncertain. And that’s definitely the situation with possible fiduciary legislation. Nevertheless, I have posted this link and discussion about possible fiduciary legislation because this legislation has been in the works, it is important legislation, and it might actually have some importance, although I’ll believe it when I see it. In particular, I am interested in this legislation if it addresses or begins to address elder and dependent adult abuse, mental capacity and cognitive or understanding issues, and reporting and other protective actions. We’ll see . . . more to follow.